Condo sales soared by 70% in May 2010 compared to May 2009. Sales of existing single-family homes rose 22%.
Sales in the Greater Miami area beat national sales of existing single-family homes, which increased 19.2 percent from May 2009, according to the Realtor Association of Greater Miami and the Beaches (RAMB). Compared to May 2008, condominium sales in Miami increased 131% and sales of single-family homes rose 115%. Median sales prices posted a month-to-month gain, and both residential inventory and the time a home stays on the market decreased. "International buyers continue to fuel the current market resurgence," said Oliver Ruiz, 2010 RAMB Residential President. "Sixty percent of sales happening now involve international buyers and mostly cash transactions ... This is resulting in over bidding and multiple offers even in the high-end sector."
Source: http://www.poder360.com/dailynews_detail.php?blurbid=7876
The Criscitos has been selling South Florida luxury and commercial real estate for over a decade and has sold over $1 billion dollars of property. They work as a multi-lingual team speaking english, Spanish, Italian and Portuguese. They carved out a niche as a leading boutique real estate company with two distinct divisions -residential and commercial- both personally overseeing by Marcela and Anthony Criscito.
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